Argentina’s ambitious drive to emulate the US shale boom is moving ahead after the country delivered its first-ever exports of light crude oil and liquefied natural gas from its massive Continue Reading
After years of drilling and development and billions of U.S. dollars of investment, Argentina’s vast shale play Vaca Muerta has finally seen the first tangible results with the first exports Continue Reading
Official Venezuelan President Nicolas Maduro and US-recognized Venezuelan President Juan Guaido are both vying for control over PDVSA’s refinery in the United States—Citgo—and a US court is set to decide Continue Reading
The fuel supply gap in the country is growing as PdV has failed to replace refined products previously imported from the US Venezuela’s severe motor fuel deficit is starting to Continue Reading
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to Continue Reading
Crude and condensate in long-term floating storage hit its highest since August 2017 in May at 24 million barrels, as U.S. sanctions against Venezuela and Iran hindered the ability of Continue Reading
President Trump speaks to reporters about the administration’s Venezuela policy as he departs the White House on May 30. (Jim Lo Scalzo/EPA-EFE/Shutterstock) Last winter, the ouster of Venezuelan President Nicolás Continue Reading
Venezuela’s state-owned PDVSA plans to reactivate the Isla Refinery on Curacao in July with imported crude from third parties, according to sources in the company, labor union and with Curacao’s Continue Reading
A widespread power failure early Sunday left all of mainland Argentina and Uruguay without power, a blackout that an energy company official called “unprecedented.” The blackout’s cause remained unclear. But Continue Reading
Brazil’s Petrobras plans to invest a total US$105 billion in the five years to 2023 and divest assets worth US$35 billion, chief executive Roberto Castello Branco said this week as Continue Reading
